Facebook may have eclipsed MySpace in terms of traffic (via Compete), and Twitter may be growing by leaps and bounds, but MySpace isn't content to sit back and watch its rivals steal market share and potential ad dollars. News Corp.'s social network is trying to claw its way back to the forefront of the social graph with an upgrade to its status and mood history that we've learned goes live tonight—giving users more control over the kinds of updates their friends see, how often they see them and even the option of making their status and mood updates public. more
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